We would like a credit only application to give out loans and allow customers to pay back the loans:Client Management Module* This module will handle customer onboarding and profile management. It will support KYC data capture including identification details, contact information, next of kin, employment or business details, and client status. Each client will have a centralized profile containing loan history, repayment records, and account activity. *2. Loan Management Module* The loan management component will handle the full loan lifecycle including: * Loan application and submission * Loan review and approval workflows * Loan disbursement * Repayment schedule generation * Loan restructuring and top-ups * Loan closure and settlement The module will support configurable loan products and automated calculation of interest, penalties, and outstanding balances. *3. Loan Products Configuration* Administrators will be able to define and manage loan products with configurable parameters such as: * Interest rate models (flat rate or reducing balance) * Loan tenure and repayment frequency * Grace periods * Processing fees and penalties * Minimum and maximum loan limits *4. Repayment and Collections Module* This module will manage loan repayment processing including: * Installment tracking * Payment allocation to loan schedules * Automatic balance updates * Late payment penalty calculations * Collection tracking and reconciliation Integration with mobile payment platforms such as M-Pesa will allow automated recording of customer repayments. *5. Savings / Deposit Management (Optional Module)* If required, the system will support savings accounts for clients including deposits, withdrawals, account balances, and interest calculations. *6. Accounting Integration* A financial layer will track all monetary transactions generated by loans, repayments, and savings activities. The system will maintain journal entries and support financial reporting such as trial balance, balance sheet, and profit and loss reports. *7. Guarantor and Collateral Management* The system will support capturing guarantor details and collateral records associated with loans. Guarantor liability tracking and collateral documentation will be maintained for reference and compliance purposes. *8. Staff and Branch Management* The platform will allow management of staff accounts, loan officers, and operational branches. The system will support role-based permissions to control access to different parts of the system. *9. Reporting and Analytics* A reporting module will provide operational and financial insights including: * Loan portfolio reports * Repayment performance * Portfolio at risk (PAR) * Outstanding loan balances * Staff or branch performance metrics *10. Notification and Communication Services* The system will generate automated notifications for loan approvals, repayment reminders, overdue alerts, and transaction confirmations. *11. Security and Access Control* Role-based authentication and authorization will be implemented to ensure secure access to system features. Audit logging will be included to track key system activities. The architecture will be designed to allow future integration with external services such as payment gateways, credit reference bureaus, and mobile applications. Customer onboarding will be through the app. Minimal huma interaction The system can later be upgraded to be a micro finance institution with deposit taking capabilities with multi currency and payment abilities